b'Centaurus Metals Limited and its controlled entities Financial Report 31 December 20245.17Segment Reporting An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Groups other components. All operating segment operating results are regularly reviewed by the Groups Managing Director to make decisions about resources to be allocated to the segment and assess its performance, and for which discrete financial information is available. Segment results that are reported to the Managing Director include items directly attributable to a segment as well as those that can be allocated on a reasonable basis.Unallocated items comprise minimal, not material corporate assets (primarily the Groups headquarters), head office expenses, and income tax assets and liabilities. Segment capital expenditure is the total cost incurred during the period to acquire property, plant and equipment, and intangible assets other than goodwill. 5.18Government Grants Government grants that compensate the Group for expenses incurred are recognised in profit or loss as other income on a systematic basis in the periods in which the expenses are recognised, unless the conditions for receiving the grant are met after the related expenses have been recognised. In this case, the grant is recognised when it becomes receivable. 5.19Changes in Accounting PoliciesThe Group has adopted the amendment to standards, including any consequential amendments to other standards, with a date of initial application of 1 January 2024. The adoption of these amendments did not have a significant impact on the Group.5.20New Standards and Interpretations Not Yet Adopted Certain new accounting standards and interpretations have been published that are not mandatory for 31 December 2024 reporting periods and have not been early adopted by the Group. These standards are not expected to have a material impact on the entity in the current or future reporting periods and on foreseeable future transactions.There are no other standards that are not yet effective and that would be expected to have a material impact on the entity in the current or future reporting period and on foreseeable future transactions.Note 6.Operating SegmentsThe Group operates in the mineral exploration industry. For management purposes the Group is organised into one main operating segment which involves the exploration of minerals. All of the Groups activities are interrelated and financial information is reported to the Managing Director (Chief Operating Decision Maker) as a single segment. Accordingly, all significant operating decisions are based upon an analysis on the Group as one segment. The financial results and financial position from this segment are largely equivalent to the financial statements of the Group as a whole. 2024 2023Non-currentNon-current Geographical Segment InformationAssets $Asset $ Brazil20,135,06023,170,736 Australia809,429341,356 20,944,48923,512,092 Note 7.Other Income 2024 $2023 $ R&D tax refund2,215,6811,304,766 Rent17,643- 2,233,3241,304,766Page 40 of 60CENTAURUS METALS LIMITED ANNUAL REPORT 65'